SCOTTSDALE REAL ESTATE BLOG

The Obama administration has released detailed guidance on a new Home Affordable Foreclosure Alternatives program that features cash incentives for borrowers, servicers and investors for executing short sales or deeds-in-lieu of foreclosure.

The HAFA program is available for loans that otherwise meet the criteria for the Home Affordable Modification Program but can’t be restructured successfully. The guidelines issued recently as HAMP Supplemental Directive 09-09 only apply to loans not owned or securitized by Fannie Mae and Freddie Mac, which have their own short sale and deed-in-lieu incentive programs.

The new program takes effect April 5, 2010, and servicers are expected to develop their own written policies to implement it. All HAFA loans must first be considered for HAMP modification, and data collected in that process can be used for assessing a possible short sale or deed-in-lieu transaction.

If the servicer hasn’t already done so, the borrower must be advised in writing about the availability of a short sale or deed-in-lieu and have 14 days to mull it over. Servicers are expected to perform a financial analysis to determine whether a short sale or DIL is in the best interest of the investor or mortgage insurer, but the HAMP net present value model does not project such cash flows.

The servicer has to get an independent property valuation that cannot be charged to the borrower, and a title check must also be completed. If neither a short sale nor DIL is available, written notice must be made to the borrower.

Before approving a short sale, the servicer has to determine the minimum net proceeds that will be accepted by the investor. Customary transactions costs must be taken into account. The program requires servicers to use a standard short sale agreement that outlines the responsibilities of the servicer and the borrower that includes a fixed termination date not less than 120 days after the agreement takes effect.

A DIL transaction must include the full release of the debt and waiver of all claims against the borrower. The borrower has to agree to vacate the property by a certain date, leaving it in clean condition with a marketable title.

Servicers may agree to a DIL even if the borrower hasn’t already made a good-faith effort to market the property, if that’s acceptable to the investor.

No Foreclosure

Servicers may initiate or continue with a foreclosure proceeding during the short sale or DIL process, but the foreclosure can’t be completed while assessing a borrower’s eligibility, waiting for the return of an executed agreement, during the term of a short sale agreement or pending transfer of the property during a DIL.

The borrower’s mortgage payment cannot exceed 31 percent of gross monthly income while a short sale or DIL is pending, and servicers may waive payment altogether. The borrower is responsible for clearing up any other liens on the property, although the servicer may negotiate on the borrower’s behalf. Second lien holders can get up to $3,000 from the proceeds of the sale to release the loan.

Following successful completion of a short sale or DIL, the borrower can get up to $1,500 to cover relocation expenses. Servicers are paid $1,000 to cover administrative and processing costs for these transactions. Investors will be paid a maximum of $1,000 for allowing up to $3,000 in short-sale proceeds to be paid to second-lien holders.

The program features a complete set of required standard documents and reporting requirements. As with HAMP itself, Fannie Mae is serving as the administrator for the short sale/DIL program and Freddie is the compliance agent.

To get in touch with a Scottsdale Real Estate Specialist about Scottsdale Real Estate Foreclosures call please call 480-274-2487 and please visit our website at www.scottsdalerealestate-az.com

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DC Ranch Community Association is offering Job position

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Jobing Description This position will be a direct support to the DC Ranch Community Manager. This position plays a strong role in a fast paced environment and must have a professional appearance and attitude, be organized, have the ability to multi-task and use independent judgment to prioritize work assignments and possess good written and oral communication skills.

Specific Job Requirements

For more information about Scottsdale Real Estate please contact:

George Miro

RE/MAX Achievers
6424 E. Greenway Parkway 
Scottsdale, AZ 85254

Office:                (602)214-2675          Email: georgemiro@cox.net
Website: http://www.scottsdalerealestate-az.com

Blog: http://www.scottsdalerealestate-az.com/blog/

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DC Ranch has been a very popular and desired destination site for buying a DC Ranch home. The reason of its fame is the nationally acclaimed private golf and residential community in Scottsdale. The development of DC Ranch has been made with important consideration given to the integrity of the land and preservation of open desert space at the base of McDowell Mountains from which provides a panoramic view of Scottsdale and Phoenix. Purchases in this destination can be made easily through DC Ranch Realtor.

There are four distinctive village neighborhoods which are centered on neighborhood parks and offer a variety of attached villas, single family homes, luxury apartments and condominiums. Remarkable amenities such as lighted tennis and basketball courts, swimming pool, playground, exercise and fitness rooms are shared by the residents. There is even a community-wide intranet, meeting rooms and year around events and activities. Two private clubs – DC Ranch  homes country club and Silverleaf are located within DC Ranch.

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At the doorstep of DC Ranch there are lots of unique buildings, shops, boutiques, restaurants and offices closely tied with each other. The Holm group represents buyers and sellers and ensures a smooth and successful transaction.

DC Ranch is one of the premier elite private golf and residential communities in Scottsdale, Arizona. Bordering the McDowell Sonoran Preserve, DC Ranch was developed with the concept of protecting the natural desert landscape. This is evident in that DC Ranch is zoned as an 8,281 acre plot and only 2,600 areas are being developed.

At build-out, DC Ranch will have around 2,700 homes, which include single-family, luxury custom, detached, attached and an upscale rental complex. Some of the Amenities at DC Ranch include: two private clubs and golf courses, a community center, neighborhood parks and natural greenbelts, 33 miles of paths and trails, a private community intranet, and shopping center.

The ambiance of DC Ranch feels much like a small-town with the natural surroundings and services of modern-day upscale living. For example, DC Ranch Market Street features 15 architecturally diverse buildings that offer neighborhood conveniences in a variety of shops, restaurants and offices.

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For more information about Scottsdale Real Estate please contact:

George Miro

RE/MAX Achievers
6424 E. Greenway Parkway 
Scottsdale, AZ 85254

Office:                (602)214-2675          Email: georgemiro@cox.net
Website: http://www.scottsdalerealestate-az.com

Blog: http://www.scottsdalerealestate-az.com/blog/

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Eddie V’s - DC Ranch writes…
For the freshest seafood, steak, and rhythm the buzz in town is Eddie V’s Edgewater Grille at DC Ranch. The menu features lots of Gulf Coast seafood and prime steaks and chops. Located at the base of the McDowell Mountains, Eddie V’s atmosphere is a fantastic high energy dining experience. Visit our fabulous V Lounge where you can enjoy live music and happy hour seven nights a week. We offer indoor and outdoor private dining rooms for all your corporate and social gatherings. Savor classic seafood starters like oysters on the half shell and famous All Lump Crab Cakes. Our Award Winning wine list features over 150 selections.

• Hours of Operation:
  Dinner: Monday - Saturday: 4:30pm - 11pm. Sunday: 4:30pm - 10pm. Closed Thanksgiving and Christmas.
• Payment Options:
  AMEX, Diners Club, Discover, MasterCard, Visa
• Executive Chef: Brian Fierstein
• Dress Code: Business Casual
• Accepts Walk-Ins: Yes
• Offers: Banquet/Private Rooms, Bar Dining, Bar/Lounge, Beer, Dancing, Entertainment, Fireplace, Full Bar, Happy Hour, Non-Smoking Area, Patio/Outdoor Dining, Private Room, Smoking Area (bar only), View, Wheelchair Access, Wine
• Parking: Valet
• Parking Details: Complimentary valet.
• Catering: Pick up & Drop off catering
• Banquet Facilities: Weddings, social and corporate functions.
• Private Party Facilities: Corporate needs, business dinners, social gatherings, pharmaceutical presentations, and private luncheons. We offer indoor and outdoor dining spaces with breathtaking views. For more private dining information, please contact our private dining director at  (480) 538-8468  or email at lyndar@eddiev.com.

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For more information about Scottsdale Real Estate please contact:

George Miro

RE/MAX Achievers
6424 E. Greenway Parkway 
Scottsdale, AZ 85254

Office:                (602)214-2675          Email: georgemiro@cox.net
Website: http://www.scottsdalerealestate-az.com

Blog: http://www.scottsdalerealestate-az.com/blog/

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WINTER

 Homestead Celebration

The DC Ranch Community Programs team invites the community to our annual Homestead Celebration commemorating the history of DC Ranch with events for residents of all ages. The celebration features an evening for adults with Swingin’ Saloon Night, followed by our complimentary 10th Annual Founder’s Day signature event, an afternoon reminiscent of the old west, including great food, western style games and live entertainment. Past Homestead Celebration activities have included an adult trolley party to restaurants in historic Phoenix, horseback riding on the Verde River Trail, and a kid’s trolley party to Tempe Town Lake and the Tempe Performing Arts Theatre.

Winter Break Family Fun

With Scottsdale Unified Schools on winter break, we invite students and parents to an evening for all to enjoy! Last year’s event began with dinner at a local pizzeria followed by a shuttle ride to the Phoenix Zoo for their magical Zoolights tour.

SPRING

Desert Bloom Celebration

The annual Desert Bloom Celebration brings the community together to kick off the spring season! Highlighting this celebration is the signature 10th Annual Eggstravaganza event, which gives families a great opportunity to enjoy a festive champagne brunch, egg decorating, egg hunts, raw egg drop and photos with Peter Cottontail. Other events featured during the Desert Bloom Celebration include a daddy/daughter dance, mother/son kart racing experience and live jazz music on the green at The Homestead Community Center’s new amphitheatre.

Spring Break Family Fun

Take advantage of spring break’s leisurely days spending time as a family outdoors. Our popular ‘Rockin’ with the Diamondbacks’ experience took families to an Arizona Diamondbacks Spring training ballgame, with goodie bags filled with authentic fan gear and lunch at the nearby Hard Rock Café, the coolest place in town.

SUMMER

Dive-In Movies

When temperatures rise, community members and their family are invited to “dive-in” to the Desert Camp Community Center pool to watch a family movie on the big outdoor screen complete with cool treats and movie munchies. Don’t forget your swimsuit!

Fourth of July Event

This annual holiday celebration includes activities for all ages. An authentic BBQ dinner kicks off the event as children enjoy festive arts and crafts and refreshing water play. Join your neighbors in a friendly competition of community tug-of-war, ping pong tournament, water balloon toss and watermelon eating contests. Live entertainment, a community sing-a-long and dancing under the stars close the evening under the stars.

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FALL

Passport (International Celebration Day)

Each year the DC Ranch Community Programs team brings a foreign land into our community’s backyard. The Passport event allows residents to experience an international culture through authentic foods, entertainment and decoration. Past events have included “Moroccan Nights” complete with live camels and Moroccan dancers, and “Passport to Africa” featuring a captivating dance performance and heart pounding community drum circle.

Autumn Days, Fall Nights Celebration

The autumn season comes alive with a colorful array of events. This celebration includes unique outings like the Oktoberfest “Ales on Rails” experience to the Verde Canyon Railway, family creepy pumpkin carving night and the signature Spooky Carnival and Haunted Maze with candy and games for kids of all ages. Be sure to come in costume and participate in the DC Ranch costume contest for all ages.

Community Thanksgiving Meal

The DC Ranch Community Thanksgiving Meal brings residents together to give thanks on the Sunday prior to Thanksgiving, allowing neighbors to celebrate with each other before traveling to see their families for the holiday.

The Homestead Playhouse

The Homestead Playhouse is a theatre company housed at The Homestead Community Center. The mission of The Homestead Playhouse is to produce high – quality theatre and performance for DC Ranch homes and surrounding Scottsdale communities. Performers and patrons of all ages are welcome.

Source: www.dcranch .com

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For more information about Scottsdale Real Estate please contact:

George Miro

RE/MAX Achievers
6424 E. Greenway Parkway 
Scottsdale, AZ 85254

Office:                (602)214-2675          Email: georgemiro@cox.net
Website: http://www.scottsdalerealestate-az.com

Blog: http://www.scottsdalerealestate-az.com/blog/

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One of Arizona’s premier golf and residential communities in the high Sonoran desert of North Scottsdale, thoughtfully crafted with a diverse range of unique designs. DC Ranch offers intimate, inviting neighborhoods with all the modern conveniences and the feel of a small town’s genuine sense of place and history with beautiful DC Ranch homes.

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DC Ranch, a 8,281-acre nationally acclaimed master planned golf community, began development in 1997. Located in the western foothills of the McDowell Mountains, it has retained much of its serenity by developing less than half of its acreage. DC Ranch, one of Scottsdale’s newer real estate developments, has it all. Local grocery stores, fire protection, and medical facilities are within walking distance. Most of DC Ranch is wired with hi-speed Internet and has its own cable TV station that keeps residents up to date on current events around the community and golf course. Housing options include rental units, town homes and villas (from $300,000’s) and custom-home lots (from $200,000)-altogether between four- and five-thousand housing units will eventually make up DC Ranch.

Located at the base of the McDowell Mountains in north Scottsdale, the community of DC Ranch prides itself on providing a small-town atmosphere while offering residents a whole host of amenities and activities. DC Ranch homes have been inspired by a variety of styles including Spanish, Craftsman, and Western regional architecture, and distinctive features such as porches and recessed garages promote front-of-home living. Tree-lined streets, parks, and other residential settings were designed to further distinguish the neighborhood feel of the community. DC Ranch real estate includes condominiums, town homes and single-family homes to luxury villas and custom estates. From the high $200,000s to over $4 million, there is DC Ranch homes for sale in every price range.

 Before creating DC Ranch, its developers spent years traveling the country’s neighborhoods, new and old, to determine what made a community livable and great. They took what they learned and applied it to DC Ranch. The streets curve, there is ample open space, and house setbacks vary so that the resulting streetscape is very unlike the cookie-cutter neighborhoods that have come to dominate. A network of walking paths wind through the 3,700-acre master plan connecting homes to community amenities, schools, churches, parks and shopping. Every home is wired with fiber optics for telephone, cable and high-speed internet access. A community center offers residents swimming, tennis, basketball, volleyball, fitness. DC Ranch is set in the ruggedly beautiful vegetation that grows taller and lusher as the land rises towards the McDowell Mountains in northeast Scottsdale. The master plan, developed by Vernon Swaback AIA, offers a true sense of neighborhood by creating villages that conform to the land and its natural features. Views include long distant vistas over the valley floor with its city lights at night, as well as lush green golf courses DC Ranch homes for sale

A private club with golf, swimming, tennis, a fitness center, educational classes and fine dining awaits its members. The Country Club at DC Ranch is situated in the heart of the Sonoran Desert, architecturally designed to blend into the environment while recalling memories of the 1920s and 1930s grand western resorts. The Scott Miller designed, par-71, 6,872 yard golf course features four tees on each hole, with a 72.4 rating and a slope of 130 from the profe ssional tees. Every hole frames spectacular views that surround this golf course.

DC RANCH MASTERPLANNED COMMUNITY

DC Ranch is also a master-planned community in North Scottsdale and offers premier exclusive desert living. The community’s intimate, friendly neighborhoods create a perfect environment for raising a family, entertaining friends or welcoming visitors. Real estate options consist of townhomes and single-family detached homes for sale, and townhouses and condos. The community offers a variety of incredible amenities, including an optional membership at two golf courses and country clubs, The Country Club and The Silverleaf Club, two modern community centers, 33 miles of landscaped parks and trails, an innovative park, a community intranet and Copper Ridge Elementary and Middle School. The area is composed of four distinct neighborhoods: Desert Parks Village, Desert Camp Village, Market Street Village and Country Club Village. In addition to the natural beauty of the desert and nearby mountains, residents enjoy the many attractions of Scottsdale and nearby Phoenix. Scottsdale provides an eclectic mix of art galleries, access to outdoor pursuits, delectable restaurants, specialty shopping, acclaimed museums and active nightlife. It’s no wonder that Scottsdale is one of Arizona’s most acclaimed tourist areas! With over 1.5 million residents, Phoenix is quickly becoming one of the United States’ premier cities. In Phoenix, you can explore the remains of a 1,500-year-old village, see a Coyotes NHL game, see the Ballet Arizona’s latest show or eat a world-class meal! The combination of exciting attractions, a small-town atmosphere and over 300 days of sunshine a year make this community a utopia for any individual or a family.

DC Ranch Homes for Sale >> 

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HOME FOR SALE IN DC RANCH

 $550,000 / 3br - EXCEPTIONAL HOME- DC RANCH HOMES FOR SALE Enjoy great mountain and city light views from this upstairs end unit in spectacular DC Ranch- This is the nicest spot in the valley and just 5 minutes to both the Golf and Barrett-Jackson Auto Auction and only a 30 minute limo ride (included) to the stadium for the big game. Just 2 blocks and a short walk to Market Street and over a dozen places eat, drink and shop. This unit has leather furniture, copper top dine set, granite counters and 2 large HD TV’s. The master has a 46 inch Sony Bravia HD and an adjustable king size bed. You will not be disappointed with this rental- Ask anyone that knows- DC Ranch is the place to be. To insure your satisfaction I’m including, a bottle of Dom and the limo to and from the game.  

 DC RANCH HEALTH CLUB

 DC Ranch Village health Club and Spa has a twist on eating chocolate, literally. The latest yoga class, ‘Chocolate-Covered Yoga’ teaches yogis how not only to calm the mind and exercise the body, but also how to heighten the senses, and experience sensations on a deeper level, such as more satisfying chocolate eating.

The class is a very fulfilling yoga class, physically, emotionally and spiritually through the use of three different elements; 1) chocolate tasting in which chocolate relates to different parts of the body and helps achieve a more sensual experience, 2) certain quotes the instructor will read during the class help yogis focus on their emotions, and of course 3) the asanas, or poses the class will do which provides the physical aspect of the class. In addition, the class’ music will coordinate and relate to different parts of the body. Some of the chocolate that relates to different parts of the body are; chocolate with a hint of chili works the solar plexes and creates fire within the body; and chocolate with a hint of bacon focuses on the body’s foundation. DC Ranch homes for sale

DC Ranch Homes for Sale >> 

All DC Ranch Homes  >> 

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DC RANCH GOLF CLUB

A 34,000-square-foot Ranch Hacienda-style clubhouse combines Old World architecture with historic Arizona elements. Hailed as the leading social club in the Northeast Valley, this is one of Scottsdale’s premier locations for weddings, receptions and other special occasions. The Clubhouse offers a full-year calendar of social events and activities for all ages. Features include a grand courtyard, meeting rooms, indoor and outdoor dining areas, richly styled men’s and women’s lounges with adjoining steam and massage rooms and easy access to a fitness area. There are also six lighted tennis courts, a lap pool and a children’s play pool DC Ranch homes for sale

Natural contours create artistry and discoveries with every round at this private golf course, offering challenge and playability for all levels. The course lies in the foothills of the McDowell Mountains, offering beautiful mountain and city views at nearly every turn. The 18-hole, par-71, 6,888-yard course was redesigned by renowned course architects Tom Lehman and John Fought. Features include multiple tees, dramatic white sand bunkers, putting and chipping greens and a pro shop with a knowledgeable, professional staff.
Membership is by invitation and is separate from property ownership. It is available to residents and non-residents alike. Three levels are offered: full golf; sport social; and clubhouse. For a personal introduction, please contact the membership director at 480.502.6905.

 For more information about DC Ranch homes for sale please contact us at:

RE/MAX Achievers
6424 E. Greenway Parkway 
Scottsdale, AZ 85254 Office:                 (602)214-2675          Email: georgemiro@cox.net
Website: http://www.scottsdalerealestate-az.com

Blog: http://www.scottsdalerealestate-az.com/blog/

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